China News Direct

 
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Global Weakness Clouds Electronics Fair
(Oct 13, 2008) Hong Kong Trade Development Council (HKTDC) has announced the opening of the 2008 Hong Kong Electronics Fair and Electronic-Asia on 13 October 2008. Assistant executive director Raymond Yip of HKTDC said buyers have become cautious in placing orders now that the global economy is unfavorable as the weak European and ...
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Consumers Favour Individual Traveling
(Oct 13, 2008) Ronnie Ho, Chairman of Hong Kong Travel Industry Council, said people in Hong Kong no longer prefer all-inclusive package tours; instead, they like self-planned individual traveling. Ho pointed out that the business of all-inclusive package tours have been declining in recent years. Apart from a change in traveling taste, airline ...
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Ningbo's Safety Boxes in Demand
(Oct 13, 2008) More and more American and European families chose to deposit their money into safety boxes under the financial crisis, which promoted the export of safety boxes from Zhejiang's Ningbo. Based on the statistics of Ningbo's safety boxes industry, the export of safety boxes rose 30% in the first three quarters ...
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China Has All It Needs To Overcome Financial Storm
(Oct 13, 2008) World Bank chief economist Justin Lin believes China had the necessary financial strength to override the financial turmoil and he has confidence in the mainland Chinese economy. The Chinese government may release measures to boost domestic demand and consumption. With a higher domestic consumption and investment, the setbacks of falling ...
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Government Concerns About Social Stability In the End
(Oct 13, 2008) The Chinese government added the protection of social stability to become 'Four Protections' to the original ' Three Protections' which includes the protection of the stability of economic, financial, and capital market. The Chinese government will continue to implement policies to expand domestic demand and sustain economic growth to help ...
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China To Build a Strong Outsourcing Base
(Oct 12, 2008) In the first eight months of 2008, China's exports of outsourcing services topped US$1.9 billion, up 17% year-on-year. The service outsourcing industry was able to keep its growth this year as many multinational companies want to lower costs whilst maintaining their competitive power. There are over 1,800 service outsourcing companies ...
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Tax Holds Back Vietnamese Footwear Exports to the EU
(Oct 10, 2008) Vietnam's exports of leather shoes to the EU have dropped 18% even before the EU imposed a 10% anti-dumping tax on Vietnamese products. Vietnamese media reports that the volume of Vietnamese exported footwear have already dropped 18% before the implementation. With the implementation, export volume of Vietnamese made leather shoes ...
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China Instruments Trade Topped US$706mn in 1H '08
(Oct 10, 2008) Information from Shanghai International Instruments Exhibition which kicked off on October 9th revealed that the US, Hong Kong and Japan are becoming the top 3 markets for China's instruments or machine tool export in the first half of 2008. Instruments export to the US amounted to US$191 million, 55.08% higher ...
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Global Market Merged to Form a New B2B Platform
(Oct 10, 2008) Global Market Group (www.globalmarket.com) of China has announced a merger plan with Hong Kong's long-established B2B website TRADEeasy and MarketPlace, one of the three largest B2B enterprises in Hong Kong. The trio will integrate business and human resources so as to build a new operating framework. TRADEeasy and MarketPlace will ...
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China Buys More Machinery From Italy
(Oct 10, 2008) China has become the second largest importer of machinery, machine tools and robots from Italy. In the first half of 2008, Italy exported on-year 10.2% more machinery, machine tools and robots to China, making China the second largest importer of Italian made machinery and machine tools just after Germany. ...
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